How much of the CPP fund is Alberta’s? Province expects federal actuarial report by fall
The federal government’s chief actuary report showing how much Alberta would be entitled to if it left the Canada Pension Plan is expected in the fall, Alberta Finance Minister Nate Horner says.
Horner said in a statement Thursday that the number will be a critical figure as Albertans decide whether a provincial pension plan is in the province’s best interests.
“During the first phase of our engagement on a potential provincial pension plan, we heard loud and clear that Albertans want more information on the value of the asset transfer Alberta would be entitled to if we were to withdraw from the Canada Pension Plan,” Horner said.
The preferred method of the chief actuary involves convening a panel to interpret the asset transfer formula in the Canada Pension Plan Act. The interpretation will inform the chief actuary’s calculation.
“The federal government has indicated the panel’s interpretation will be ready this spring and the chief actuary’s calculation will be provided to Alberta this fall,” said Horner.
